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pishuonlain [190]
3 years ago
10

Using a perpetual inventory system, the seller’s journal entry to record the sale of merchandise on account includes a:_________

.
A. Credit to Cost of Goods Sold
B. Debit to Inventory
C. Credit to Purchases
D. Debit to Accounts Receivable
Business
1 answer:
alexandr1967 [171]3 years ago
5 0

Answer:

D. Debit to Accounts Receivable

Explanation:

Transaction of sale in Perpetual Inventory system will be recorded as follow:

                                          Dr.    Cr.

Account Receivable         xxx

Sales                                          xxx

Cost of Goods Sold          xxx

Merchandise Inventory            xxx

There is no entry to purchases, cost of goods sold is debited and inventory is credited. So, the only correct option which is dealt in above transactions.

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All else constant, an increase in a firm's cost of debt: a. will lower the firm's weighted average cost of capital. b. will resu
Elanso [62]

Answer:

C

Explanation:

will increasethr firm's capital structure weight of dept.

8 0
3 years ago
2. A company's board of directors votes to declare a cash dividend of $.80 per share of common stock. The company has 16,000 sha
jeyben [28]
Answer for the first one is $12,800
6 0
3 years ago
What is a rental inventory and why is it a good idea to have one?
bearhunter [10]

A rental inventory is basically like people rent you things. Cars, and lots of stuff. its a good idea to have a rental inventory because you can rent people things in a business.

3 0
3 years ago
Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 3.0% in thi
jonny [76]

Answer:

14 Months

Explanation:

Last year’s sales = $163,508,343

As per the given data next year sales is increased by 3.0%.  

= 0.03 * $163,508,343 = $4,905,250.29 ~= $4,905,250  

Revenue added to the bottom line = 34.1% of increased demand

= 0.341 * $4,905,250 = $1,672,690.25~= $1,672,690

TQM investment = $2,000,000

Payback = (Investment in TQM / Revenue added to the bottom line) * 12

= ($2,000,000 / $1,672,690) * 12 = 14.34 ~= 14 Months

Hope this helps!

8 0
3 years ago
Samson, Inc. reported the following information for the​ year: Service Revenue $ 50 comma 000 Operating Expenses 21 comma 500 Ne
hjlf

Answer:

$21.50

Explanation:

The net income is difference between the revenue and the operating expense incurred by the entity.

The unit cost per service is obtained by dividing the operating cost by the number of services provided.

Given that;

Operating expense = $21,500

Number of services provided = 10,000

The unit cost per​ service

= $21,500/10,000

= $21.50 (to the nearest cent)

6 0
3 years ago
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